Cramer Remix: Stocks are bearing the fruits of fear this earnings season

CNBC's Jim Cramer on Wednesday said too many Wall Street watchers assumed that businesses' first quarter earnings results would be horrid and now the stock market is rallying on companies besting expectations.

The semiconductor manufacturer has posted slowing chip sales in recent quarters, and said Tuesday it does not expect demand for chips to improve in 2019. Meanwhile, its shares reached a 52-week high during the session after beating earnings estimates by 13 cents in the last quarter. "It's all part of our strategy to fortress the markets that we operate in, which brings a lot of benefits," Allison explained to Cramer."[It] gets us closer to the customer so our service improves, lowers the cost of that delivery as we're driving fewer miles, and also frankly improves the wages for our drivers because they're getting more delivery runs per hour.

"We enable you to digitize and automate workflow all across the company that allows you to deliver great experiences for your employees and customers and unlock productivity," he said."Platform is what enables the growth of all the applications on top."In Cramer's lightning round, the"Mad Money" host zips through his thoughts about callers' stock picks of the day.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer Remix: Big banks have kicked off earnings season in a surprising fashionJim Cramer details how the group is doing better than expected and remains cheap even after the latest leg higher.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer: Overvalued stocks like Pinterest, Zoom could lead to a market peak'The top of the market always comes when there is tremendous euphoria, and today we saw that euphoria in the two deals that went off hot,' Jim Cramer says. Is Cramer advocating investors to Abandon their positions in existing equities? blaha blah blah. 2 weeks ago he said Lyft IPO would be the end of the bull run.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer's game plan: Overvalued IPOs can dim a positive earnings seasonJim Cramer breaks down the week ahead in earnuings and stock trading.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer's lightning round: Why I'm staying away from most auto stocksJim Cramer zips through his response to caller questions about their favorite stock picks.
Source: CNBC - 🏆 12. / 72 Read more »